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Goldman Sachs on Meta Platforms Inc. (META): 'We expect investors to have an initial positive reaction'

October 21, 2026 4:46 PM EDT

Goldman Sachs analyst Eric Sheridan reiterated a Buy rating and $860.00 price target on Meta Platforms Inc. (NASDAQ: META).

The analyst comments "
We expect investors to have an initial positive reaction to META's Q3 26 earnings report on the back of a revenue beat with the result exceeding the high end of its guided range (with reported Advertising revenues +26% YoY). The profitability in the reported was impact by a ~$9.9bn one-time accrual related to the agreement between the company and a group of US State... More